Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…
FTC’s Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
Republican lawmakers have for years launched barrages of criticism at Biden administration regulatory agencies and their diverse leaders — and…
British digital bank Monzo hits monthly profitability for the first time after spike in lending
Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department…
Former New Jersey Gov. Chris Christie to launch presidential campaign next week
Former New Jersey Gov. Chris Christie, one of former President Donald Trump’s most vocal Republican critics, is poised to announce…
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…
Bank of England governor says the UK is facing a wage-price spiral
LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now…
Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
WASHINGTON — A bill to raise the debt limit and cap government spending passed in the House by a wide…
Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more
Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%. A deal…
Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation
WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great…
